Ex Enron executive Skilling misled Wall Street analysts
Former Enron CEO Jeffrey Skilling gave misleading earnings signals in 2001 about the retail energy unit. Wall Street consultants learned the unit posted $726 million in first half losses that were shifted to the wholesale division, details not disclosed to analysts. Koenig, former investor relations chief, testified about the tape exchange with Grubman and Skilling’s sarcastic reply. He cited his own 2004 guilty plea to securities fraud and said he lied to investors to keep his job.
MENTIONED IN THIS ARTICLE
Houston
Enron Corp
Jeffrey Skilling
Wall Street
Skilling
Enron
Mark Koenig
Enron Wholesale
Koenig
Richard Grubman
Highfields Capital Management
Grubman
Tors
Daniel Petrocelli
Kenneth Lay
Lay
Parole Revocation Suspect Found Hiding in Bath Tub
Baytown police warrant squad went to a Brentwood Drive residence around 3 p.m. on Wednesday based on information a parole revocation suspect was present. A different woman denied presence, police searched, and found the wanted woman hiding in the bathtub. She was arrested on the parole warrant. the other woman faced hindering apprehension and public intoxication charges.
MENTIONED IN THIS ARTICLE
Baytown
Man Detained After Sleeping in ATM Vestibule at Decker Drive
Baytown Police found a homeless man sleeping in a building housing an Amegy Bank ATM in the 4200 block of Decker Drive at 6:44 a.m. Wednesday. He had an outstanding local warrant and was arrested. authorities saw no indication of attempted wrongdoing.
MENTIONED IN THIS ARTICLE
Baytown
Amegy Bank
Decker Drive
Woman reports identity fraud in tax scam case
A Baytown woman said she received an IRS statement claiming higher 2005 earnings, but investigation revealed someone else used her Social Security number. The IRS is investigating the case.
MENTIONED IN THIS ARTICLE
Baytown
Internal Revenue Service
IRS
Couple Arrested After Tires Fixed at Sears Repair Center
A man and woman arrived at the Sears Mall repair center with two flat tires and were observed by staff to be intoxicated. Baytown EMS was summoned and police arrested the man for public intoxication and possession of drug paraphernalia.
MENTIONED IN THIS ARTICLE
Sears
San Jacinto Mall
Baytown
Inflation fears drag Dow below 10,900 as costs rise
New York investors faced a market slide on Thursday amid worries that a 2.4 percent jump in unit labor costs signals higher inflation. The Dow fell 101.97 points to 10,851.98 while the S&P 500 dropped 11.62 to 1,270.84 and the Nasdaq slipped 28.99 to 2,284.37. Riskier small caps, tech, and autos bore the brunt as oil eased and jobless claims improved slightly.
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Wall Street
Labor Department
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Middle East
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Britain
France
Germany
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Amex
S&p
Kimber
Chinatdev
Wesco Intl
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Atcross NA Pallg
NwCentFn
EmpireRs
AnnTagl
LabrAdy
CabelTel
Bodisenn
Owensill
BPI India
Enidere
Allische
NutriSys
PhaxCo UN
Mattson
DoverMot
BoltTech
AtRoad
Ny&co
MatavChi
DanaCorp PhaxCos
FullHseRn
Osteotch
ArenaRes
DeRigo
Gymbree
GenElec
SunMicro
Pfizer
SP Fnel
Oracle
Fordm
BemaGold
Cisco
Citigro
GoldStr
Genta
ExxonMbl
Djia Diam
Siriuss
Motorola
3Com
At&t Inc NY
JDS
AMD NY
JohnJn NY
Allstate NY
JaprNtn Nasd
AEP NY
Kroger NY
Landrys NY
Amgen Nasd
Apple' S Nasd
Loudeye
ApidMatl Nasd
Lubrizol NY
Ashlanda NY
Lucent NY
Atmel Nasd
Lyondell NY
Boeing NY
BostonSci NY
Burlnsf NY
CienaCo Nasd
Cisco Nasd
Pfizer PerotSys
Citigro NY
CocaCl NY
ProdGam NY
ConAgra NY
Qualcom Nasd
ConocPhils NY
ReliantEn NY
Roydshan NY
CrownHold NY
Schergp NY
Djia Diam Amex
Schimb NY
Delline Nasd
Searsh
Disney NY
Duke Egg NY SnstAir NY
EMC Cp
Spdr Amex
EnPro NY
Spengy Amex
EntProt NY
ExxonMb NY
Flextra Nasd
Symantec Nasd
Fordm NY
Txucos NY
GenElec NY
Tenneco NY
GnMotr NY
Texinst NY
Genta Nasd
3M Co NY
Hewlettp NY
NY HomeDp NY
Honcilint! NY
US Steel NY
Vv Nasd
WellsFrgo NY
Intnlhtr Amex
Yahoo Nasd
Baytown Police Logs 151 Calls From Wednesday to Thursday
Between 6 a.m. Wednesday and 6 a.m. Thursday Baytown Police responded to 151 calls. The incidents included 10 alarms three assaults one auto theft one burglary of an auto three burglaries of buildings eight disturbances two forgeries one robbery one major accident and seven minor accidents.
MENTIONED IN THIS ARTICLE
Baytown
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Wall St
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Maeruy Ny Alexaric
Indeare
Wn ‘Ane
Carathe Nclia
Enailty
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Jennifer Marcontell
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Alexander Drive
Stephen Takach
Aric E. Bouillon Investment Represenative
Edward Jone
the Market IN Review
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Volun
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Incoa P MP
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Janus
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Olympus
Windw
PIMCO
Rydex
Nova
Vanguard Admiral
Vanguard
Bource
Lippe, Inc
Sakohania
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